HomeNews News Reliance Capital sells stake in Paytm to Alibaba for Rs.275 crores Reliance Capital sells stake in Paytm to Alibaba for Rs.275 crores

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Reliance Capital sells stake in Paytm to Alibaba for Rs.275 crores

Reliance Capital sells stake in Paytm to Alibaba for Rs.275 crores

Tuesday, March 7, 2017, 12:36 PM
The financial services arm of Reliance Group had invested Rs.10 crore for this stake in Paytm. Later sold its nearly 1 percent stake in popular digital payments firm Paytm for Rs. 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm. The deal gives a valuation of over USD 4 billion to Paytm.
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